Black Box Corporation (NASDAQ:BBOX) Q4 2016 Earnings Conference Call - Final Transcript

May 10, 2016 • 05:00 pm ET


Black Box Corporation (NASDAQ:BBOX) Q4 2016 Earnings Conference Call - Final Transcript


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Good day, ladies and gentlemen, and welcome to your Black Box Corporation Fourth Quarter Fiscal 2016 Financial Results. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. (Operator Instructions) As a reminder, this conference is being recorded.

I would now like to introduce your host for today's conference, Mr. Ron Basso, EVP. Sir, you may begin.

Ron Basso

Thank you very much. Good evening and welcome to Black Box Corporation's fourth quarter of fiscal 2016 earnings conference call. With me today are E.C. Sykes, our new President and CEO and Tim Huffmyer, our VP and CFO.

Earlier today we announced our fourth quarter fiscal 2016 results by issuing a press release and furnishing it to the Securities & Exchange Commission on form 8-K. We also posted this press release in the Investor Relations section of our website,

In addition to commentary from E.C. and Tim, we have a brief slide presentation supplementing the call. Those slides are available in the Investor Relations section of our website. For those of you who are accessing the webcast, the slides will present on your screen.

(Forward-Looking Cautionary Statements)

On this call, and as presented in today's press release, we will discuss some non-GAAP financial measures. Please refer to the schedules that accompany the press release for reconciliation of these non-GAAP financial measurements to the most directly comparable GAAP financial measurement as well as other supplemental financial information.

Now I would like to turn the call over to E.C.

E.C. Sykes

Thanks, Ron. Welcome, and thank you for joining us today on my first Black Box earnings call. For those of you who do not know, I joined the company on February 29th. I've been here for about two-and-a-half months and it has been a very informative and, I believe, productive start. First a little about my background and how it connects to Black Box business needs. As you may have seen in the press release announcing my appointment, I have a strong track record of sustainable and profitable growth. That has been accomplished from a blend of organic growth, as well as acquisitions, and across a number of technologies.

I have had the opportunity to participate in reshaping companies where growth has stalled. At times that included transforming business models in response to changing market dynamics, similar to what is occurring in Black Box's markets. I have created and participated in the transformation of businesses from operations based on a site model to consolidated models. This overlays almost exactly to the consolidation occurring here from the branch model. My global experience in managing $4 billion in revenue in 20 countries fits well with Black Box's existing footprint as well as other geographies that will enable future growth.

As the first CEO from the outside, it's a unique time to take a fresh look at the company and our business solutions. Since I joined the company, I've had the opportunity to work closely